Can cryptocurrency, mobile phones, and internet herald sustainable financial sector development in emerging markets?

Journal of Transnational Management Pub Date : 2019-07-03 DOI:10.1080/15475778.2019.1633170

Olusegun Vincent, O. Evans

引用次数: 20

Abstract

Abstract This study investigates the relationship between cryptocurrency, internet, mobile phones, financial inclusion, and financial sector development in China, India, Nigeria, and South Africa for the period 2009–2017 using fully modified ordinary least square (FM-OLS) and causality analysis. The empirical results show that cryptocurrency, internet usage, and mobile subscriptions have a significant positive relationship with financial inclusion and financial sector development, suggesting that countries with higher levels of cryptocurrency, internet usage, and mobile subscriptions have higher levels of financial inclusion and financial sector development. This finding is further buttressed by the causality analysis which shows that cryptocurrency, internet usage, and mobile subscriptions cause financial inclusion and financial sector development in the four countries.

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加密货币、手机和互联网能否预示着新兴市场金融部门的可持续发展？

本研究采用完全修正的普通最小二乘(ft - ols)和因果关系分析，研究了2009-2017年期间中国、印度、尼日利亚和南非的加密货币、互联网、移动电话、金融包容性和金融部门发展之间的关系。实证结果表明，加密货币、互联网使用和移动用户与普惠金融和金融部门发展存在显著的正相关关系，这表明加密货币、互联网使用和移动用户水平越高的国家，其普惠金融和金融部门发展水平也越高。因果关系分析进一步支持了这一发现，因果关系分析表明，加密货币、互联网使用和移动订阅导致了这四个国家的金融包容性和金融部门的发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Transnational Management Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： As the economic marketplace expands across continents and cultures, it is essential to establish a world-wide network of ideas and information that serves your transnational business interests. The Journal of Transnational Management (retitled from the Journal of Transnational Management Development to better reflect its focus) is an international forum that examines management research, teaching and training techniques, consulting, and development issues from a multicultural perspective, presenting practical business strategies that produce results on a global scale. The Journal of Transnational Management is a comprehensive resource for management in foreign environments, presenting an exchange of conceptual and empirical research on an international level. Articles written by business practitioners, management development experts, and academicians address issues related to firms, public enterprises, educational institutions, and nonprofit organizations throughout the world.